6 January 2016

    TwentyFour Select Monthly Income Fund Limited

    (a non-cellular company limited by shares incorporated in the Island of
    Guernsey under the Companies (Guernsey) Law 2008, as amended, with registered
    number 57985 and registered as a Registered Closed-ended Collective Investment
    Scheme with the Guernsey Financial Services Commission)

    Re: Tender Submission Deadline Results

    Re: Tender Results

    The Directors of TwentyFour Select Monthly Income Fund Limited wish to declare
    the following in relation to the Company's quarterly tender for the period
    ending 30 December 2015 (the "Tender NAV Determination Date"):

      * Total number of Tendered Shares as at the Tender NAV Determination Date:
        505,165 Shares
      * Number of Placed Tendered Shares:
        505,165 Shares
      * Number of Repurchased Tendered Shares:
        None - not applicable
      * Net Asset Value per Ordinary Share as at the Tender NAV Determination Date:
        90.24 pence per Ordinary Share
      * Average price achieved in the placing of Placed Tendered Shares:
        90.15 pence per Ordinary Share (latest published NAV as at 31 December
        2015)
      * Price at which Tendered Shares will be placed or repurchased (being a pro
        rata proportion of the aggregate proceeds received on the sale or
        repurchase of all Placed Tendered Shares and Repurchased Tendered Shares):
        90.15 pence per Ordinary Share (latest published NAV as at 31 December
        2015)
      * Pro Rata Scaling Back due to aggregate Tender Requests exceeding Quarterly
        Restriction/Annual Restriction:
        None - not applicable


    For further information, please contact:

    Numis Securities Limited:
    Nathan Brown             +44 (0)20 7260 1000
    Hugh Jonathan

    TwentyFour Select Monthly Income Fund Limited:
    John Magrath              +44 (0)20 7015 8900
    Alistair Wilson